I have seen it first hand. Twenty years ago, the outfit I work for had virtually no fixed operations overseas. We had a few ex-pats and some local agents operating overseas, but no hard assets. Then we began investing, building regional facilities that could do just about everything we did here. And we hired a lot of 'foreigners' to do those jobs that in the past would have been done here.
The result? Our overseas sales boomed. So did our overseas employment and at the same time so did our domestic sales and employment. It has been a win-win.
RE: It points out that the biggest ‘outsourcing’ has been European and Asian companies moving jobs here, not US companies moving jobs there. It’s a 2-1 win for us.
I will admit that IT’s THE TRUTH.
But it’s kinda measly consolation to the poor bastard in any of those rust belt states to point this out. The last thing they want is a lecture on macro economics. It might have helped some worker living 500 miles away, but he still wants to find a job closer to home.
THIS ISSUE ISN’T GOING AWAY AND WILL BE DEMAGOGUED BY DEMOCRATS.
FREE MARKETER ORIENTED CANDIDATES BETTER FIND A GOOD, SATISFYING RESPONSE TO THIS.